Pacer Advisors Inc. Buys 4,395 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Pacer Advisors Inc. lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 112,611 shares of the semiconductor company’s stock after acquiring an additional 4,395 shares during the quarter. Pacer Advisors Inc.’s holdings in Texas Instruments were worth $23,262,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Texas Instruments by 454.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,256,289 shares of the semiconductor company’s stock worth $244,386,000 after purchasing an additional 1,029,741 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Texas Instruments by 17,253.3% during the 3rd quarter. International Assets Investment Management LLC now owns 613,440 shares of the semiconductor company’s stock worth $126,718,000 after acquiring an additional 609,905 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Texas Instruments by 234.1% during the 2nd quarter. National Bank of Canada FI now owns 742,268 shares of the semiconductor company’s stock worth $144,423,000 after acquiring an additional 520,073 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Texas Instruments by 37.2% during the 2nd quarter. William Blair Investment Management LLC now owns 1,666,886 shares of the semiconductor company’s stock worth $324,259,000 after acquiring an additional 451,862 shares in the last quarter. Finally, Mondrian Investment Partners LTD raised its holdings in shares of Texas Instruments by 141.7% during the 2nd quarter. Mondrian Investment Partners LTD now owns 706,350 shares of the semiconductor company’s stock worth $143,961,000 after acquiring an additional 414,115 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Price Performance

TXN opened at $198.00 on Friday. Texas Instruments Incorporated has a 12-month low of $151.27 and a 12-month high of $220.38. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The business’s fifty day simple moving average is $204.45 and its 200-day simple moving average is $200.25. The company has a market capitalization of $180.62 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 4.33 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the company earned $1.80 EPS. The business’s revenue was down 8.4% compared to the same quarter last year. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.08 earnings per share for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a dividend of $1.36 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.75%. Texas Instruments’s dividend payout ratio is presently 101.12%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Evercore ISI upped their price objective on Texas Instruments from $268.00 to $298.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Barclays cut their target price on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Company started coverage on Texas Instruments in a research report on Friday. They set an “equal weight” rating and a $215.00 target price on the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and an average target price of $210.05.

Insider Transactions at Texas Instruments

In related news, VP Mohammad Yunus sold 3,778 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total transaction of $789,224.20. Following the completion of the sale, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. This represents a 11.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert E. Sanchez sold 9,990 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the sale, the director now owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,968 shares of company stock valued at $3,126,464. 0.68% of the stock is currently owned by corporate insiders.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.